Crypto Market To See More Slump in Coming Months, But There's A Catch !
On Thursday, Bitcoin announced the end of one of its worst quarterly periods ever, losing 60% between April and June.
By Friday, the coin's value had dropped by 70% from its peak in November last week.
Assets under management for cryptocurrency investment products also hit a new low in June, with ETFs seeing the worst declines, falling by more than 50% to $1.3 billion.
Pantera Capital’s Dan Morehead hints for “major meltdowns” in the coming months while the other say it may not go much lower in the near term.
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